Economy
Multiple fronts and falling revenues pose pensions challenge for government
The government is facing a complex landscape in dealing with Greece’s long-standing pensions issue, exacerbated by the latest challenge of declining revenues and an impending back payment ruling.
Travel balance falls by 97.8 pct in April
Greece’s travel balance fell to 4.6 million euros in April from 31.6 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 97.8 percent year-on-year (YoY).
Industrial turnover drops by 35.4 pct in April, hitting series low
Greece’s industrial turnover fell by 35.4 percent year-on-year (YoY) in April compared to a drop of 9.3 percent in March, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
Greece’s current account (C/A) balance posted a deficit of 1.13 billion euros in April compared to a deficit of 1.10 billion in March, Bank of Greece (BoG) data showed on Friday.
Unemployment drops to 16.2 pct in Q1, excluding furloughed workers
The Greek non-seasonally-adjusted unemployment rate stood at 16.2 percent in the first quarter (Q1) of the year, decreasing from a rate of 16.8 percent noted in Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Primary cash deficit at 5.35 bln in May
Greece’s central government primary cash balance recorded a deficit of 5.35 billion euros in the first five months of the year according to figures released by the Bank of Greece (BoG).
Loans managed by servicers in Q1 rise by 30.9 pct QoQ to 30.82 bln
The Bank of Greece’s (BoG) released statistics for the first quarter (Q1) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Covid-19 takes toll on budget as primary deficit widens to 4.80 bln in May
The budget primary balance recorded a deficit of 4.80 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in April 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for May showed on Monday.
Turnover in services shows deterioration in Q1
Turnover indices for the services sector showed a deterioration in the first quarter (Q1) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Building permits increase by 10.2 pct in March
Building permits rose by 10.2 percent year-on-year (YoY) in March compared to a rise of 64.3 percent in February, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.